$TSM broke down from a massive range / double top. After price peeked back into the range and above the 20-day, it reversed and closed below both after today's action. This deviation likely leaves a lot of bulls offsides (bull trap) which could fuel a selloff in the stock. There's no reason to believe that Apple is planning on moving away from TSM or that there...
Immediate targets 110, 104, 100. Invalidation 158. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
TSM - Short Term - We look to Sell at 115.52 (stop at 120.62) We look to sell rallies. Continued downward momentum from 142.00 resulted in the pair posting net daily losses yesterday. Previous support, now becomes resistance at 116.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 116.00, resulting in improved...
*disclaimer* I haven't published anything outside of the crypto markets publicly. However, I have had my eye on SOXL, Direxion Daily Semiconductor Bull 3X Shares ETF. I originally thought that earnings for NVIDIA were going to boost the asset and asset class, however it seemed to me the night before earnings that the earnings call was already priced in. Looking...
I like TSM is a great company, my recent exit was $137 because it's still has issues on long term and that includes big GAP between SMA50 and SMA200 so you need to be careful with that. Let's wait a little and see where it goes.
$TSM 1D Above $145, we can see continuation to $149-150 to complete wave 3.
Taiwan Semiconductor Manufacturing Company - Short Term - We look to Buy at 117.00 (stop at 114.00) We look to buy dips. Trend line support is located at 116.00. The trend of higher lows is located at 114.00. The bias is still for higher levels and we look for any dips to be limited. Previous resistance located at 127.00. This move is expected to continue and we...
Taiwan Semiconductor Manufacturing Company ( NYSE:TSM ) Sector: Electronic Technology (Semiconductors) Market Capitalization: 593.364B Current Price: $123.50 Breakout price: $128.00 Buy Zone (Top/Bottom Range): $125.00-$120.25 Price Target: $134.50-$136.00 (1st), $142.00-$144.00 (2nd) Estimated Duration to Target: 66-70d (1st), 118-122d (2nd) Contract of...
Chart looking good, 3 successive higher lows and now back above the 200dma. Needs a close > $125 to break out the channel we have been stuck in for the most part of 2021. Demand for chips and related products manufactured by TSM should continue to stay elevated
Entry price: 107-109$ Target price: 123-126$ Keltner Channels: The price is oscillating close to the lower boundary. RSI: Approaching 30 level, thus asset is close to being oversold. Conclusions: The price just bounced the strong support level. Moreover, among Keltner Channels and RSI the price increase will occur soon. Therefore the long position is recommended...
Green zone is my buying zone - hold of cash and be ready to go in. get lucky ;)
The chart is as clear as it gets, $108 is the big level here and it seems to be holding for now. Another bounce to $124-$126 resistance coming?
As we all know TSM has amazing fundamentals, incredible advantages in their business model and benefitial political terms inside their country, right now their competitors are not close enough to compete with them at full scale. So we are not going to argue about value for this company. Not all day we have infront of us a company that represents value for half of...
with global chip shortage and declined value of one of the largest suppliers what you think is going to happen when things go back to normal especially with the increasing demand 🤔 In times of confusion I believe the best opportunities are given This goes for a semiconductor companies what is technology without it
Buy around 118-119.50 Stop Loss 108 on daily closing bases Target 127// 141 Please follow me for more ideas and update Do your due diligence this is not investment advice.
Beautiful channel formation here but the time has come where descending triangle is forming, these are usually bearish. TSM is having problems with production due to water shortage, $MU ceo yesterday talked about how NAND demand is not necessarily as high as the market thinks. Different industry, but is this company really worth 3x pre-covid? I lean towards...
This is our idea from last October on the FTSE TWSE Taiwan 50 Index. Well , first let's understand why Taiwan is such a great place to live and invest Also, How Taiwan beats China to be Asia's top-performing economy The rest is just history, Taiwan is a miracle. the FXPROFESSOR
Everyone needs chips and they .... are not!!! TSM, the chip giant that also manufactures AMD with a slipped price. Financial results exceeded expectations. Corrections in excess of 20% have not offered us much in the past. But what about the fundamentals? TSM is investing in technology, and the fact that AMD manufactures its 7 nm chips, which Intel (INTC) is...